GBPJPY - Bullish Movement Ahead?
After some Swing Trading analysis, I have been looking at taking a Long position on GJ.
Using previous key points, Price recently returned to a bullish trendline after a positive move over the past several weeks. To back this up, price has broke above a previous resistance area.
I am now looking for a retest at the Resistance (Or new support) area as an entry, in hope price continues up in the long run.
One thing to consider is that there is a large WEEKLY bearish trendline, that price is approaching. Keep an eye on that level incase position traders influence the market too much.
Using previous key points, Price recently returned to a bullish trendline after a positive move over the past several weeks. To back this up, price has broke above a previous resistance area.
I am now looking for a retest at the Resistance (Or new support) area as an entry, in hope price continues up in the long run.
One thing to consider is that there is a large WEEKLY bearish trendline, that price is approaching. Keep an eye on that level incase position traders influence the market too much.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.